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Italy’s Eni In New Tirade Against Iraq Contract
...I gravity, which ranges from a heavier 28-29° API, a recent development as new streams have come online, to 32° API, he said. After 2017, Iraq plans to export two types of crude from its southern terminals, he says. West Qurna Too Storage capacity is needed to absorb the expected 750,000 b/d of...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Two-Track Iraq Mega Projects Emerge
...rough the pipeline is expected by the end of 2017 or early 2018, he said. The project is divided into two parts, the 2.25mn b/d BOOT contract and a 1mn b/d section from Haditha to ‘Aqaba to be offered as an Engineering, Procurement and Construction (EPC) contract, which Mr Ashqar said had now been ap...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Saudi Arabia On Track For 26% Refining Capacity Hike This Year
...zan n/a 400 2017 End-2017 Total 3,300 *All JVS Are With Aramco. ^First 200,000 B/D Cdu Started Sep 2013, Second Due To Start Up Mid-2014. Source: Saudi Aramco, ME...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Asian Buyers Influence Key Oil Benchmarks
...teoric growth in US oil output makes exports of US light sweet crude inevitable by 2017, Platts quoted him as saying on 26 February. The debate over potential exports has already begun in Washington but the proposal to open up new markets still faces still opposition from some quarters concerned about en...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Petrofac Bags $1.2Bn Oman Gas Deal
...ll as an associated condensate processing system, a power generation plant, a water treatment system and other associated infrastructure. Petrofac says it will complete work on the CFP by 2017 in time for startup of Khazzan production – first gas is slated for late 2017 under the development pl...
Volume: 57Issue: 09Published at Fri, 28 Feb 2014 -
Iraq Set To Launch Gas Bidding As Eni Slams Terms
...oken out about the problems facing Eni in Iraq, where it operates the Zubair oil field. Eni led the winning consortium to secure 20-year rights to develop the giant field under a TSC, bidding on the basis of a $2/B remuneration fee to raise production from 195,000 b/d to 1.2mn b/d by 2017, a level to be...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Jordan Takes Plunge With Israel Gas Deal
...tural gas reserves for export. A gas sales agreement to supply the Palestinian authority with gas from the 19 tcf Leviathan field, once production starts in 2016 or 2017, was signed last month. Noble says that the sales agreements with Jordan are evidence of the growing regional opportunities for it...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
MENA Nuclear Plans Move Forward
...REGIONAL MENA Nuclear Plans Move Forward The UAE is on track to become MENA’s second nuclear generator. It is on schedule to begin commercial operations at its first nuclear power plant in 2017, Emirates Nuclear Energy Corporation (ENEC) says. Korean contractor Kepco ha...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Soma, So Good For Turkey Coal Plant
...ocurement and construction (EPC) contractor for the plant, being built for Turkey’s Hidro-Gen Enerji under a contract awarded in December. Siemens says it will supply two 255MW steam turbines for August 2015-January 2016 delivery, with a view to starting commercial operation in April 2017. The company sa...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Saudi Arabia Increases Asian Focus With Japan Oil Storage Deal
...ntractors to secure the contract to build the UAE’s first nuclear power plant, the first unit of which will be operational by 2017 with completion of all three units by 2020. Down Under Investment Creation of an energy distribution hub in the Asia-Pacific rim might explain Abu Dhabi’s decision to en...
Volume: 57Issue: 08Published at Fri, 21 Feb 2014 -
Cost Blow-Out For NZ Steam Injection Project
...ck a final investment decision (FID) until the start of 2017 at the earliest. Therefore, Mr Shammari said that the first phase of the EOR scheme would likely start up in 2020 (MEES, 2 August 2013). Typically, it takes about 12 months for injected steam to begin boosting production. Ba...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Cyprus Peace Hopes See East Med Gas Export Options Multiply
...th it the need for bigger markets such as Turkey. While the 10 tcf Tamar field is being ramped up, Noble and its Israeli partners Delek Group, Avner and Ratio Oil await government approval for development of the aptly named 19 tcf Leviathan field. Drilling is slated to begin by 2015, and first gas by 2017...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Oman Products Pipeline Plans
...ys for supply of products to distributors. The terminal and pipeline to Sohar refinery are scheduled to become operational in the first half of 2017. The pipelines will be reversible, with a computer-controlled buffering system to separate product streams. Orpic CEO Musab al-Mahruqi says: “As a mu...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Algeria Plans 3Mn T/Y Skikda Petchems Plant
...vive Algeria’s petchems sector” – from the nearby refinery (MEES, 6 December 2013). Besides replacing Skikda’s petrochemicals plant, Mr Yousfi is also considering building a regional petrochemicals hub at Biskra, to be centered around a 100,000 b/d refinery, which is scheduled for 2017 start-up. Th...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Algerian Electricity: Ambitious Plans Vs Tricky Reality
...ALGERIA Algerian Electricity: Ambitious Plans Vs Tricky Reality Noureddine Boutarfa, CEO of Algerian state utility Sonelgaz says it will bring 18GW of generating capacity online by 2017. Yet, speaking on state radio this week, he also said increased electricity and gas pr...
Volume: 57Issue: 07Published at Fri, 14 Feb 2014 -
Saudi Arabia Advances Carbon Capture Project
...ing raised to produce an additional 300,000 b/d of Arabian Light Crude by 2017. These two projects will complete capacity enhancement projects, allowing the OPEC kingpin to maintain production capacity at 12.5mn b/d without developing any new resources. That would also limit its ability to boost as...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
BG Lays Bare Egypt Woes But Improved Payments Offer IOCs Hope
...nded out in monthly instalments by 2017. Such payments – and Cairo is desperate to keep IOC interest in Egypt’s upstream – will receive a boost if an additional $4bn in rumored Saudi aid materializes. Whilst IOCs’ total Egyptian receivables remain around $6bn, for the four key producers for which ME...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Iraq Hires Big Law Firm To Thwart KRG Export Plans
...t to rise to 60,000 b/d later in the year and reach a plateau of 170,000 b/d by 2017. The project was delayed amid doubts as to whether the Russian company would be allowed to remain in southern Iraq, after it farmed into three production-sharing contracts in the Kurdish region. One of the junior pa...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
Oman Shake-Up Eyes Spot Generator Market By 2017
...OMAN Oman Shake-Up Eyes Spot Generator Market By 2017 Oman plans to introduce competition among generators by introducing the Middle East’s first spot market for electricity from independent power producers (IPPs) by 2017. State utility Oman Power and Water Procurement Co...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014 -
ADCO: BP Expects No DecisionFor At Least A Year
...e UAE. Politics is expected to play a part in the decision of who ends up with a stake in the prized concession, where production is set to increase to 1.8mn b/d by 2017 with a number of new European players invited to bid alongside Chinese, Japanese and South Korean players more likely to bid ag...
Volume: 57Issue: 06Published at Fri, 07 Feb 2014